- Stripe negotiates $1 billion Bridge acquisition
- Bridge offers stablecoin acceptance API
- Deal showcases Stripe’s growing cryptocurrency emphasis
Crypto Shopping Spree?
Stripe, the payments giant, is reportedly in advanced discussions to acquire Bridge, a stablecoin platform, for a staggering $1 billion.
This potential deal, first reported by Forbes, would mark Stripe’s largest acquisition to date.
From Coinbase to Cash Cow
Bridge, founded by Coinbase alumni Zach Abrams and Sean Yu, offers an API enabling companies to accept stablecoins.
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The startup previously raised $58 million from notable investors like Index Ventures and Sequoia Capital, boasting a $200 million valuation.
Stripe’s Crypto Commitment
This move aligns perfectly with Stripe’s recent focus on cryptocurrency.
The company recently rolled out crypto purchases in the EU and introduced a “Pay with Crypto” feature, allowing merchants to accept stablecoins directly.
